COTA SA's Climate Change Group is passionate about the actions that individuals can take, big or small, that helps to care for the planet. One of these actions is sharing stories and finding reliable sources of information that are balanced and easy to understand. Our Climate Change Group members will share stories and information that they find useful with the hope that you will find it useful too! Today, talking to your Superannuation Fund about climate change:
With so much of our future financial security dependent on our superannuation, it’s vital to understand whether climate change has been factored into the way it has been invested.
The Climate Change Group recently talked to a very large superannuation fund based in SA about its investment strategy and how it takes climate change into account when making those investments of your money.
Some of the topics we discussed included:
- Did the Fund have a commitment to Net Zero by 2050?
- How did the Fund ensure that climate change was factored into its investment strategy. How often does it check?
- Is there a climate change investment option that can be chosen by a fund member? How is this performing compared with a Balanced option, for example?
- How does the Fund plan to report on the extent to which its investments mitigate or adapt to climate change?
- Does it invest in Australian agriculture as some overseas Pension funds do? Or in expanding Australian housing, or renewable energy?
We felt that this superannuation fund was making good progress and we encourage you to have a similar chat to your Superannuation Fund. It can help the Fund work out where it should invest your funds and, hopefully, future-proof them.
If you want to chat about this topic, contact the COTA SA Climate Change Group via the COTA SA reception desk on 08 82320422.